The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of Hoth Therapeutics Inc (NASDAQ: HOTH) was $0.79 for the day, up 1.78% from the previous closing price of $0.77. In other words, the price has increased by $1.78 from its previous closing price. On the day, 0.56 million shares were traded. HOTH stock price reached its highest trading level at $0.8295 during the session, while it also had its lowest trading level at $0.7665.
Ratios:
Our analysis of HOTH’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 9.20 and its Current Ratio is at 9.20. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on October 15, 2019, initiated with a Speculative Buy rating and assigned the stock a target price of $10.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 16 ’24 when Knie Robb bought 25,000 shares for $0.67 per share. The transaction valued at 16,750 led to the insider holds 58,131 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HOTH now has a Market Capitalization of 10355128 and an Enterprise Value of 3365407.
Stock Price History:
The Beta on a monthly basis for HOTH is 0.60, which has changed by -0.31478262 over the last 52 weeks, in comparison to a change of 0.05430484 over the same period for the S&P500. Over the past 52 weeks, HOTH has reached a high of $3.80, while it has fallen to a 52-week low of $0.58. The 50-Day Moving Average of the stock is -21.45%, while the 200-Day Moving Average is calculated to be -16.49%.
Shares Statistics:
HOTH traded an average of 865.61K shares per day over the past three months and 456110 shares per day over the past ten days. A total of 13.17M shares are outstanding, with a floating share count of 13.11M. Insiders hold about 0.49% of the company’s shares, while institutions hold 1.85% stake in the company. Shares short for HOTH as of 1743379200 were 274872 with a Short Ratio of 0.32, compared to 1740700800 on 174064. Therefore, it implies a Short% of Shares Outstanding of 274872 and a Short% of Float of 2.1.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
